Beijing launches carbon trade

Beijing has become the third Chinese city to launch a carbon trading scheme to regulate soaring carbon dioxide emissions from its main power generators and manufacturers. The capital followed newly established markets in Shenzhen and Shanghai, with Guangdong province set to open one in December that will be the second-biggest in the world after the European Union.
Under the trading program, companies which produce more than their fair share of emissions will be able to buy unused quotas on the market from companies that cause less pollution. Is carbon trade an effective way to cut emission? Will it work for Beijing?……………………………………….Full Article: Source